“For the three months ended March 31, 2025, cash used in investing activities was due to capital spending costs associated with the development drilling programs in Egypt, as well as maintenance, project costs and long lead items for Gabon and Côte d'Ivoire.”10-Q · May 11, 2026 ↗
VAALCO Energy, Inc.
EGY
Market read
VAALCO Energy, Inc.'s move is being confirmed by its market group.
No new filing conclusion is available. 3 of 11 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 1 directly disclosed connection is confirming.
- At least 8 of 11 durable members become active together.
- Capital-flow agreement rises above 55%.
- A filing-linked outsider such as AM begins moving with the group.
Invalidation: The live read weakens if participation falls to 3 of 11 members or fewer.
Research brief
The story so far
No new filing conclusion is available. 3 of 11 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 1 directly disclosed connection is confirming.
No thresholded supportive filing evidence is available yet.
No thresholded adverse filing evidence is available yet.
- At least 8 of 11 durable members become active together.
- Capital-flow agreement rises above 55%.
- A filing-linked outsider such as AM begins moving with the group.
Company research
Understand the business, not just the ticker
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
No qualifying supportive evidence was identified.
- Latest annual revenue changed -25.0% year over year.
- Operating margin changed -34.2 percentage points in the latest annual period.
- Net margin changed -23.7 percentage points in the latest annual period.
- EV/sales is 36% below the available filing-peer median; determine whether growth and quality justify the difference.
Price as of Sep 11, 2026
6.32Reported annual revenue and per-share history. This is accounting history, not a forecast.
What management says matters
Persistent and emerging business drivers
“We recorded a $70.6 million net loss on derivative instruments for the three months ended March 31, 2026, which included an unrealized loss of $55.9 million related to the change in fair value of our commodity derivative contracts primarily driven by an incre…”10-Q · May 11, 2026 ↗
“63 Table of Contents Net cash provided by financing activities during the year ended December 31, 2025 included $60.0 million in proceeds from borrowings under our new 2025 RBL Facility partially offset by $26.5 million for dividend distributions, $0.7 millio…”10-K · Mar 16, 2026 ↗
“The impairment was primarily attributable to a sustained decline in forward strip commodity prices during the period, including decreases in both crude oil and natural gas benchmark pricing.”10-K · Mar 16, 2026 ↗
Valuation discipline
Descriptive valuation snapshot
Price/sales 1.8× · EV/sales 1.8×. Comparisons use only industry-matched filing peers.
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
How the market is pricing the story
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 11 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
No sourced recent-development timeline yet
Jodie has not returned a relevant primary source or news item for EGY. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Reported financial figures are not available yet
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Filing analysis
No comparable filing assessment is available yet
Jodie has not yet found a suitable current-versus-prior filing comparison for EGY. This does not mean the latest filing was neutral or immaterial.
Business ecosystem
The relationships behind EGY
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
GLCNFFiling-linked namepartnerNov 10, 2025 ▾
“The counterparty to our derivative swap transactions was a major oil company’s trading subsidiary, and our costless collars are with Glencore.”
Filing peers
No filing peers are available for this name yet.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
Live connections
EGY is currently a Participant in the organic co-movement group Oil & Gas. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 1 filing-linked name are in the relationship map; none is currently confirmed as moving with the group.
Context history
Theme membership history
No durable theme membership has been observed for this name yet.